Getting started with Odoo online is much easier compared to Odoo onsite, as the chart of account is selected automatically depending on the country you are from. Let's say if you create an instance and select India as your country. The Indian chart of account will be installed automatically.
The account localized module contains the following configuration:
- Chart of account specific to the country
- Tax configuration and computation
- Chart of tax—used to generate the tax chart and tax report
- Localized financial reports
The localized accounting module available in the core is taken care of by the accounting team available in Odoo; they try to update the specification on every new release.
